The main piece of news driving Micron stock higher was that Nvidia will be using Micron's high-bandwidth-memory (HBM) in its new GeForce RTX 50 Blackwell GPUs that undergird its new advanced AI platform.
Nvidia falls after the company provides few updates about its artificial-intelligence chips at the CES trade show, while shares of Micron and Aurora Innovation jump after securing partnerships with the semiconductor giant.
According to data from S&P Global Market Intelligence, the stock finished the month down 14%. As you can see from the chart, shares fell sharply after the earnings report came out in the middle of the month and stayed down from there.
Micron Technology stock is the top performer in the this year, and while analysts are generally optimistic about its performance, some have lingering doubts. The stock rose 2.7% to $101.91 on Monday after Nvidia CEO Jensen Huang said that Micron was providing memory for the graphics-processing units of the company’s RTX 50 videogame chips.
Nvidia jumped during early market action on Monday after Foxconn Technology reported its highest fourth quarter revenue on record. Read more here.
Micron stock surges after Nvidia CEO praises their chips at CES. But mixed technical signals may impact the rally.
Nvidia stock briefly touched a new record Tuesday following a high-profile speech from its billionaire leader Jensen Huang, but surprisingly reversed quickly to a significant daily loss, headlining a surprise stark selloff across technology stocks.
Since AI emerged as the world's next megatrend about two years ago, one product in particular has become the technology sector's holy grail.
Nvidia falls after the company provides few updates about its artificial-intelligence chips at the CES trade show, while shares of Micron and Aurora Innovation jump after securing partnerships with the semiconductor giant.
We recently compiled a list of the 8 Companies That Partnered With Nvidia (NVDA) This Month. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other stocks that partnered with NVIDIA this month.
Micron stock is gaining ground today thanks to Nvidia -related news. Investors got a new indicator that demand for the artificial intelligence ( AI) leader's hardware remains very strong, and there's also excitement that the AI pioneer's CEO could discuss new hardware featuring Micron's technologies during his presentation this evening.